Washington Code 11.95A.220 – Intent to exercise — After-acquired power
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Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
Terms Used In Washington Code 11.95A.220
- Donor: The person who makes a gift.
(1) Except as otherwise provided in subsection (2) of this section, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
(2) If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.